KIPP Miami Acquires Land For Charter School In Miami For $8.4M
SOLD
$8,446,000
Florida
See Similar Deals242,371 SF
Sold 03/29/2022
SOLD
KIPP Miami Acquires Land For Charter School In Miami For $8.4M
1080 Northwest 79th Street, Miami, Florida 33147, United States
See Similar Deals242,371 SF
Sold 03/29/2022
Summary
FLORIDA
Price Per Square Foot:$34
Total Square Footage:242,371 SF
Transaction Type:Sale
The transaction involved the sale of a land property in Miami. Located at 1080 NW 79th St, the property was sold for a total price of $8,446,000. Spanning an area of 242,371 square feet, the property was intended to be used for a Charter School. The buyer of the property was KIPP Miami, while the seller was Jorge Tapia. The deal was facilitated by Achikam Yogev from Colliers.
Summary of transaction details
- Property Type: Land for a Charter School
- Transaction Amount: $8,446,000
- Address: 1080 NW 79th St, Miami
- Buyer: KIPP Miami
- Seller: Jorge Tapia
- Brokers: Achikam Yogev - Colliers
Achikam Yogev from Colliers played a crucial role as the broker representing the buyer, KIPP Miami, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$450,453.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,006.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,038.35
Annual Debt Service$480,460.19
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